The document discusses the Internet of Things (IoT). It defines IoT as connecting physical objects through sensors and software to enable the collection and exchange of data. This allows objects to be more integrated and provide more value through services. The number of connected devices is growing rapidly and transforming many industries. Key drivers include lower costs of sensors, processing power, and connectivity. Common applications discussed include smart homes, cities, healthcare, and industrial uses. The document also examines how IoT is changing business models to focus on services and recurring revenue through data and connectivity between products.